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Marketing 475 Retailing Management Week I: 2002 Introductions Ground rules IRI exercises Retail overview Handout case 1
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Introductions/ Announcements Roll/registration: any problems? Food Industry Certificate at PSU Scholarships
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Index Cards Name Phone # for messages email address Employer (if applicable) Major; grad year What is your goal upon graduating? (specific)
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Retailing! Scope Retailers Suppliers Hangers-on
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Mktg. 475 Objectives IRI Analyzer software tool basic navigation, report writing and analysis Basics of branding and retail packaged goods marketing Category management and variety/duplication concepts Overview of the retailing industry and retail financial basics Compelling presentations of data using PowerPoint
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IRI Analyzer Software used throughout the course Basis for learning analytical skills Widely used in retailing and packaged goods industry
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Grading
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Final Project Project Outline: (Due Week 5), includes targeted data sources and references you will use for industry information. Integrate the course material to help solve a real business issue Demonstrate understanding of key concepts
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Case Analyses
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Data to support conclusions must be used in the body of the paper and must be shown in attachments (from Analyzer reports)
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Attendance/Participation Mktg 475 is a discussion class; everyone is expected to contribute Miss 3 or more classes and receive 0 credit for attendance Level of thought, regular participation and listening skills will be basis for grade in participation
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IRI Exercises Lab session
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IRI Analyzer Basics What it is Dimensions Starting Navigation
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Dimensions
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Marketing 475 Retailing Management Week 2: 2002 IRI exercises Mod 1-5; 6-9 Retailing basics Ch. 2 Retailing strategy Ch. 6
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IRI Exercises Mods Practice Case 1
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Retailing Basics Functions of retail: break bulk, hold inventory, provide services, add value 20% of US industrial employment Some of the largest firms worldwide are retailers –Kroger –Wal-Mart –Carrefour –Home Depot Career opportunities
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Food Retailing C-Stores: <4 tsf Conventional supermarket: <20 tsf Superstores; combination stores: 20 - 100 tsf Warehouse/box stores Natural foods Specialty
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Creating and Implementing Retail Strategy Target the market Identify the format Develop long-term sustainable competitive advantage –Customer loyalty –Competitive position Provide appropriate merchandise and services
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The Retail Mix Location Store design Assortments Pricing, advertising and promotion Selling and service
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Start of Week 3
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Assortments Variety (breadth) vs. duplication Breadth vs. depth
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Category Management A “roadmap” to better marketing planning and execution Recognizes and involves all parties in the supply chain
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Category Management: an Outgrowth of ECR Efficient Consumer Response: grocery industry initiative goal is to drive out inefficiencies... in grocery channel
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Efficient Consumer Response SupplierDistributor Retail Store Consumer Household Timely, accurate paperless information flow Smooth, continual product flow matched to consumption
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ECR: 10% of the Retail Dollar Represents Supply Chain “Waste”
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Category Management Defined: “A collaborative process of managing categories as strategic business units...by focusing on consumer value.” »ECR Best Practices Committee on Category Management 1994
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Category Management Major Elements Information Technology Scorecard Organization Capabilities Collaborative Relationships Strategy & Business Process
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